Wolters Kluwer falls as in-line results disappoint hopeful market

Wolters Kluwer

31/07/2024 09:52

** Shares in Wolters Kluwer  WLSNc.AS  fall 3.5% after it
reported H1 results largely in line with estimates and
reiterated full-year guidance, while market had hoped for
guidance raise and results beat according to Barclays 
    ** The company reiterated its full-year group guidance, with
ING expecting limited changes to consensus estimates
    ** "Wolters shares have done well this year and there was
some hope for a beat or a raise to FY guidance," Barclays
analyst Nick Dempsey says
    ** The Dutch information services group's H1 revenue came to
EUR 2,891 million ($3.13 billion) against an ING forecast of EUR
2,894 million
    ** Compared to consensus revenues came in inline, adj.
operating profit +1%, and adj. diluted EPS +1%, ING says in a
note
    ** Including today's fall the stock is up 18.14% YTD


($1 = 0.9250 euros)

 (Reporting by Elviira Luoma)
 ((Elviira.luoma@thomsonreuters.com))